REI Lense

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$5,364 (target)

50647 Bredenbury Dr, Macomb, MI 48044

3 beds • 3 baths • 3014 sqft

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This property might be a fair Mid-Term investment with a projected 2.85% first-year return on $124k initial cash invested.

2.85%

Cash On Cash

7.13%

Cap Rate

1.2

DSCR

$5,364

Rent

$295

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,364 income − $5,069 expenses = $295 cash flow

Income$5,364Mortgage P&I$2,49446%Property Taxes$52910%Insurance$1713%HOA$501%Management$64412%CapEx$2154%Vacancy$1613%Maintenance$2154%Other$59011%Cash Flow$295

Investment Breakdown

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Purchase Price

$505k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$101k

Closing costs

1%

$5,053

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$5,364

Total Expenses

$5,069

Mortgage P&I

47%

$2,494

Property Taxes

10%

$529

Home Insurance

3%

$171

HOA

1%

$50

Property Management

12%

$644

CapEx

4%

$215

Vacancy

3%

$161

Maintenance

4%

$215

Other

11%

$590

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